Ask the mortgage experts
At John Charcol, we are constantly asked for advice by borrowers on what they should do when it comes to mortgages. As such, we created this section so that you can submit your questions to our experts. The answers are provided by a team of experts, led by our in house mortgage technical manager, Simon Collins, who has spent the last 10 years helping our consultants to place mortgage applications.
Please be aware that these answers can only be generic and no personal recommendations can be made.
My husband & I own our own home (mortgage free) are we able to take out a new mortgage to buy a second property (not buy to let and not against the value of our property). Our joint annual income is approx £59,000.
Can I apply for additional borrowing in my sole name when I have a joint mortgage on the property already with my husband? We are looking to consolidate all out debt and and some money to update our kitchen, however my husband...
Hi, My husband and I are in the process of getting divorced and, as part of the divorce, he is buying me out of our jointly owned property. Someone is investing in the property and is giving me my share of the deposit back. As...
I own my home outright and want to start up my own taxi business. I need 2 cars to start and wondered if I can remortgage my home in order to buy the cars and start the business? I have never had a mortgage.
We own our property outright. Valued at £145k. The rental appraisal is valued at circa £600pcm. We have a further cash sum of £40k. We would like to rent out our house and buy somewhere with a value of around £260k. Is this...
Hello. I have a house valued at around £90,000 and owe around £38,000 mortgage. I am wondering if I could somehow release the equity and rent this house out allowing me to purchase a new house with my boyfriend. Other very...
I am looking for a new house worth between £450,000 to £550,000. I have cash of £300,000 now (family contribution). Thus I probably need a mortgage between £150,000 to £250,000. I purchased my current house for £330,000 in...
I have an investment property that was purchased as a shop with flat. I have since converted the shop to a separate ground floor flat (with local authority planning permission) so the property now consists of 2 self-contained...
Hello, Our current home has very little left in mortage payments (£2k), but we will need a bigger house soon and we were wondering if we could keep our current property, pay off the outstanding loan and buy a new house with a...
I own a property worth £115,000 with a mortgage of £44,000 and want to rent out this property, then buy a new one worth about £80,000 is this possible to do?
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